Cable, satellite TV headed into hands of a few firms

Time Warner turned down an $80 billion offer by 21^st Century Fox to buy TW.

Two blockbuster mergers are awaiting government approval: Comcast’s $45 billion takeover of Time Warner Cable, which is not part of Time Warner, and AT&T’s $48.5 billion acquisition of DirecTV.

Comcast will be controlling the costs for 30% of cable users in America.

AT&T will have 27% of the pay TV business.

What do mergers mean to cable customers? Thinner wallets. 

Cable charges have more than doubled in 20 years. Mega mergers will accelerate that. 

If cable and satellite TV giants ever merger, your choices will be to pay the price, no matter how burdensome, or settle for rabbit ears.

Rupert Murdoch is rubbing his hands gleefully.

To read the entire New York Times article, click on http://www.nytimes.com/2014/07/20/opinion/sunday/the-media-merger-arms-race.html?smid=fb-share&_r=0